Analysing the Positive Impact of Decentralized AI on Business and Society

This blog post is part of the Big Data Week Speaker interviews series. We sat down with Daniel Hulme, the CEO of Satalia, a London-based company that provides Artificial Intelligence solutions to solve industries’ hardest problems. He is also the Director of UCL’s Business Analytics MSc, applying Artificial Intelligence to solve business, governmental and social problems. In this interview,  Daniel is discussing how AI and blockchain technologies can be used to reinvent how organisations can operate, as well as how they might one day make companies and countries redundant.

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1. Many people understand AI as well as blockchain – independently of each other. Could you briefly explain however how decentralized AI would operate?

Blockchain enables a trusted immutable data-ledger, and AI will be the semantic layer which will be used to extract insights from that data and make decisions based on those insights.

2. Could you provide an example specific to the retail industry how a tactic or way of doing business to achieve a specific goal would be radically changed if a decentralized AI approach were taken?

I think that storage and delivery will be disrupted. Rather than having warehouses where we aggregate, consolidate and distribute good, we will create decentralized platforms where independent delivery drivers will move things from source to customers.

3. What about in government and/or society at large – could you explain how some specific government or societal management paradigm would change drastically with decentralized AI?

AI’s impact and the gig economy are already having an impact on society. I don’t believe that countries or companies will be able to move fast enough to compete with a friction-less decentralized world where people have much more freedom to work for more purposeful organisations.

4. With the enormous evolutionary impact of decentralized AI on business and society with the examples noted, how will companies or countries essentially become defunct or no longer needed in the future as they’re presently used?

If we created an ultra-gig economy, and enabled anyone to work from anywhere in the world and be fairly rewarded for their contribution, then we would hopefully see mass migration and a redistribution of power and wealth. We will enable a generation of people to have equal opportunity to create new innovations that have a positive impact on the planet.

5. Why do you find this to be positive for the future?

I actually recently penned a Medium article that expands on my viewpoint and predictions for what the future could be and why it would be positive for truly global citizens as a result. You can read it here.

BIO

Daniel is the CEO of Satalia, a London-based company that provides Artificial Intelligence solutions to solve industries hardest problems. He is also the Director of UCL’s Business Analytics MSc, applying Artificial Intelligence to solve business, governmental and social problems.

Daniel is Due Diligence expert and popular public speaker specialising in the topics of Artificial Intelligence, Blockchain, Decentralisation, Philosophy, Technology, Innovation and Organisational Design. He is a serial TEDx speaker and speaker for the Singularity University.

Daniel has a Masters and Doctorate in Artificial Intelligence from UCL, lecturing in Computer Science and Business, and is passionate about how technology can be used to govern organisations and bring positive social impact.

Daniel is the co-founder of the ASI Data Science and has Advisory and Executive positions in many companies. He holds an international Kauffman Global Entrepreneur Scholarship and actively promotes positive entrepreneurship and technology innovation across the globe.